Peering Into Oracle's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short percent of float has risen 3.03% since its last report, with 16.22 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.0 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Oracle's peer group average for short interest as a percentage of float is 5.23%, which means the company has less short interest than most of its peers.
October 09, 2023 | 1:00 pm
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Oracle's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Oracle has less short interest.
The increase in Oracle's short percent of float could indicate that investors are expecting the stock price to fall, which is a bearish signal. However, the fact that Oracle has less short interest than most of its peers could mean that the bearish sentiment is not as strong for Oracle as it is for other companies in its peer group.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100